IMF Staff Country Reports

Ukraine : Technical Assistance Report-Strengthening Budget Formulation and Fiscal Risk Management

Author/Editor:

International Monetary Fund. Fiscal Affairs Dept.

Publication Date:

December 6, 2019

Electronic Access:

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Summary:

Implementing strategic planning and a medium-term budget framework (MTBF) is a core component of Ukraine’s Public Financial Management (PFM) reform strategy. A pilot MTBF conducted in 2017 formed the basis for amendments to the Budget Code in December 2018, which firmly establish a MTBF as the basis for budget preparation. The amendments also establish a legal basis for related reforms, including regular spending reviews and monitoring and managing risks to public finances.

Series:

Country Report No. 19/360

Subject:

Budget execution Budgetary process Financial soundness indicators Fiscal policy Risk management